HOWARD FINANCIAL SERVICES, LTD.

Q3 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
9/30/2025
Date filed
10/23/2025
Form type
13F-HR
Num holdings
199
Total value ($000)
$817,342
Net value change ($000)
+56,691 (7.5%)
New positions
22
Sold out positions
6
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/2/2025 Next filing: 1/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SCHG 8,280 97.8%
QUAL 7,404 8.1%
AAPL 6,487 23.9%
VIG 2,907 7.7%
DGRW 2,410 8.6%
NVDA 2,327 18.9%
RDVY 2,085 15.7%
SPGP 1,909 5.1%
SSB 1,597 NEW
ANGL 1,273 7.9%
Top Reduces (Value $000, Stocks/ETFs)
CMG -1,593 -30.3%
CALF -1,064 -9.2%
FIXD -1,016 -17.9%
FNGG -647 -100.0%
SRLN -477 -100.0%
BFST -447 -100.0%
Managed Portfolio Series -383 -100.0%
FPE -371 -5.2%
META -248 -18.8%
IBM -242 -16.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type